Komori
StemRIM (4599) · PolicyFirst stated

Adoption of the Revenue Recognition Accounting Standard

First written in FY2022-Q1. . Latest entry: FY2022-Q1.

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  1. FY2022-Q1First statedAnnual report

    「We applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, dated 31 March 2020) and related standards from the beginning of the first quarter, and began recognizing revenue at the time control of the promised goods or services transfers to the customer, at the amount expected to be received in exchange for those goods or services.」

    The revenue recognition accounting standard was applied from the beginning of the first quarter accounting period. It is stated that there was no impact on the beginning balance of retained earnings carried forward or on profit or loss for the cumulative first quarter period.
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